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TechFlow, Aug 25 — According to data from Token Terminal, as of July 2025, Ondo Finance ranks second among tokenized fund issuers, trailing only BlackRock.
BlackRock has become the largest issuer through its BUIDL money market fund with approximately $2.4 billion in assets. The total asset management scale (AUM) of the tokenized fund market has reached $7.5 billion, and the market has shown accelerating growth since the second half of 2024.
According to data from Token Terminal, as of July 2025, Ondo Finance ranks second among tokenized fund issuers, trailing only BlackRock. BlackRock has become the largest issuer through its BUIDL money market fund with approximately $2.4 billion in assets. The total asset management scale (AUM) of the tokenized fund market has reached $7.5 billion, with the market showing an accelerating growth trend since the second half of 2024.
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